It is a deposit where the Interest is being paid at Monthly/Quarterly intervals. Fixed Deposits are accepted in multiples of Rs.1,000/- subject to a minimum amount of Rs.25,000/- per deposit account

Interest payment Date	Months in which interest is payable
	Quarterly
25th	March, June, Sep, Dec

In case the address mentioned in the above document differs from the current address mentioned in the application form then a copy of any one of the following documents should be furnished as proof of residential address.

Know Your Customer (KYC) to be submitted :
For Companies	Documents
Name of the company Principal place of business Mailing address of the company Telephone/Fax Number	I	Certificate of incorporation and Memorandum & Articles of Association
	II	Resolution of the Board of Directors to open an account and identification of those who have authority to operate the account
	III	Power of Attorney granted to its managers, officers or employees to transact business on its behalf
	IV	Copy of PAN allotment letter
	V	Copy of the telephone bill
For Companies	Documents
Legal name Address Names of all partners and their addresses Telephone numbers of the firm and partners	I	Registration certificate, if registered
	II	Partnership deed
	III	Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf
	IV	Any officially valid document identifying the partners and the persons holding the Power of Attorney and their addresses
	V	Telephone bill in the name of firm/partners.
For Trusts and Foundations	Documents
Names of trustees, settlers, beneficiaries and signatories Names and addresses of the founder, the managers / directors and the beneficiaries Telephone/fax numbers	I	Certificate of registration,if registered
	II	Power of Attorney granted to transact business on its behalf
	III	Any officially valid document to identify the trustees, settlors, beneficiaries and those holding Power of Attorney, founders/ managers/ directors and their addresses
	IV	Resolution of the managing body of the foundation / association
	V	Telephone bill
Click here to download the Shriram Transport Finance application form for deposits.

Scenario	Anyone or Survivor A or S	Number One or Survivor N or S
Regular payment on maturity	Anyone of the depositors can sign	First depositor alone can sign

Maturity Intimation letter/Renewal Advice is being sent 15 days (2 months) in advance of the maturity date. The depositor has to surrender the Original Term Deposit Receipt duly signed (In case of Renewal, the depositor has to sign on the reverse of TDR without affixing a Revenue stamp; in case of Repayment, the depositor has to sign on the reverse of TDR affixing a Revenue stamp) along with renewal form signed by the depositor/ s / repayment instructions.

Scenario	Anyone or Survivor A or S	Number One or Survivor N or S
Premature payment	All depositors have to sign	First depositor alone can sign

The company reserves the right to allow, at its absolute discretion, withdrawal of deposit before maturity. Where a deposit is so allowed to be prematurely withdrawn the relative deposit receipt must be discharged by all the depositors in case of A or S/ s deposit and by the first named depositor in case of N or S/ s deposit.

Before 3 months from the date of deposit/ renewal (Lock-in-period)	No repayment (Not applicable in case of premature repayment in the event of death of the depositor**)
After 3 months but before 6 months	No Interest*
After 6 months but before the date of maturity	The interest payable shall be 2 percent lower than the interest rate applicable to a depositor for the period for which the deposit has run or if no rate has been specified for that period, then 3 percent lower than the minimum rate at which deposits are accepted by the company*

* The above Rates are also applicable for Prematurity payment (PMP) in the case of a death of depositor.